Black Unemployment Surges By The Most In 12 Years
by Tyler Durden
ZeroHedge.com
Fri, 02/02/2018
Trump’s SOTU claim that black unemployment was at all time lows came perfectly timed, because if he had waited just 2 more days, the story would be very different.
According to the latest BLS data, while black unemployment in December was indeed the lowest on record, at 6.8%, something snapped in January and the unemployment rate for blacks snapped higher to 7.7%, the biggest monthly jump since November 2005, and the highest since April 2017!
That was one part of the racial divide. The other part is that while blacks clearly got the short end of the unemployment stick in January, whites were happy as the unemployment rate for White workers dropped to 3.5%, the lowest since January 2000, although we doubt that Trump will parade vocally with that particular statistic.
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